News summary: Disney 4Q profit in line with views

DISNEY IN-LINE: The Walt Disney Co. said its fourth-quarter earnings through September rose 14 percent to $1.24 billion, or 68 cents per share. The results matched analysts’ expectations.

AD OUTLOOK: Ad sales were flat at ESPN, partly because the Olympics on NBC drew away viewers and advertisers. The pace of ad sales at ESPN for the current quarter is down from a year ago, partly because viewers focused on the presidential election.

SHARE ACTION: Shares fell $1.29, or 2.6 percent, to $48.75 in after-hours trading after the results were announced.